Grand Hills Developments Private Limited
ACTIVE
ISIN: INE0DWX07025
Issuer Details
Issuer Name
GRAND HILLS DEVELOPMENTS PRI...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
NA%
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U45203KA2007PTC042435
Name of the Lead Manager
-
Registrar
Integrated Enterprises (Indi...
Name of Debenture Trustee
IDBI Trusteeship Services Li...
Instrument Details
Instrument name as on NSDL
RESET RATE SECURED RATED LIS...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
255
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
27-06-2024
Redemption Date
07-03-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
154%
Details of Asset Cover
first ranking and pari passu charge by way of hypothecation in relation to Project Inspira and Project Panathur
Asset Type
Details of the security
Book Debts / Receivables
first ranking and pari passu charge by way of hypothecation in relation to Project Chikkajala and Project Marina One
Others, Please Specify
corporate guarantee to the tune of 100% being extended by Puravankara Limited, holding company
Current Assets
first ranking and pari passu charge by way of hypothecation in relation to Project Inspira and Project Panathur
Trust & Retention Account /Escrow Accounts
fund the Interest Service Reserve Amount with an amount equivalent to the upcoming 3 (three) months of coupon payments made out of the Issuer own sources on the outstanding Debenture Amounts other than utilization of the Receivables
Immovable Assets
first ranking and pari passu charge by way of mortgage in relation to Project Chikkajala and Project Marina One
Current Assets
first ranking and pari passu charge by way of hypothecation in relation to Project Chikkajala and Project Marina One
Others, Please Specify
Corporate Guarantee of up to a maximum limit of INR 100,00,00,000 (Rupees One Hundred Crores only) being extended by T Hills Private Limited, a fellow subsidiary company
Book Debts / Receivables
first ranking and pari passu charge by way of hypothecation in relation to Project Inspira and Project Panathur
Immovable Assets
first ranking and pari passu charge by way of mortgage in relation to Project Chikkajala and Project Marina One
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About Grand Hills Developments Private Limited bond with ISIN: INE0DWX07025
In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE0DWX07025, represents a significant financial instrument. Issued by GRAND HILLS DEVELOPMENTS PRIVATE LIMITED, it comes with the following description: "RESET RATE SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE DATE OF MATURITY 07/03/2026.". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, GRAND HILLS DEVELOPMENTS PRIVATE LIMITED, classified as Non PSU, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) U45203KA2007PTC042435 further bolster its credibility. With a coupon rate of NA, this instrument has been meticulously managed with the assistance of Integrated Enterprises (India) Ltd., Bangalore and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 255. It was allotted on 6/27/2024 and is scheduled for redemption on 3/7/2026. Categorized under "PLAIN VANILLA DEBENTURES" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of BBB+ as provided by INDIA RATING AND RESEARCH PVT. LTD. In the market, ratings typically range from D to AAA, and a rating of BBB+ is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: first ranking and pari passu charge by way of hypothecation in relation to Project Inspira and Project Panathur – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. There are no additional documents available for this bond. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE0DWX07017 having a coupon rate of 12%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.